Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Magma Design
Automation, Inc. ("Magma" or the "Company") (Nasdaq: LAVA) relating to
the proposed acquisition by Synopsys, Inc. ("Synopsys").
Under the terms of the transaction, Magma shareholders would receive
$7.35 in cash for each share Magma stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations of
state law by the Board of Directors of Magma for not acting in the
Company's shareholders' best interests in connection with the sale
process to Synopsys. The transaction may undervalue Magma as Magma stock
traded at $8.45 as recently as July 7, 2011. In addition, an analyst has
set a price target of $11.00 per share for Magma stock.
If you own shares of Magma stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you
may e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your questions. You
may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at
Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004,
by e-mail at email@example.com,
or by calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire